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Jul 25, 2011
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part -- the other factor is that we are now drawing down the cost of our military efforts in afghanistan and iraq. last year we spent a little over $150 billion. this year we'll spend a little over $100 billion. and the plan is to soon be down to at least $50 billion in two or three years. so over the ten-year period there'll be about eight years at nearly $50 billion or so spent on the war instead of $150 billion. that's part of the plan that we've been operating on for a long time. $150 billion for the war is not baseline expenditure of the united states. it was never projected to continue at that level, so hopefully we could bring it below $50 billion. maybe we went get to $50 billion. i don't know. but what is the reasonable estimate? i think the house republicans and the president said it would drop to $50 billion, and that would be the baseline out there for the rest of the time. that's $1 trillion. that's $1 trillion. so you take $1 trillion out of the $2.7 trillion, you're down to $1.7 trillion. and another thing that's scored in that, since that $1 trillion in war costs is score
part -- the other factor is that we are now drawing down the cost of our military efforts in afghanistan and iraq. last year we spent a little over $150 billion. this year we'll spend a little over $100 billion. and the plan is to soon be down to at least $50 billion in two or three years. so over the ten-year period there'll be about eight years at nearly $50 billion or so spent on the war instead of $150 billion. that's part of the plan that we've been operating on for a long time. $150...
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Jul 18, 2011
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ira paychecks for troops in the afghanistan and iraq and bases around the world would stop. the faa could shut down. so could the fbi and the cia ant border crossings could close.foa safety inspections of food americans eat and cargo that enters our ports could hault. literally every function of sec government could seize. social security checks, payments to our veterans. no there would be no discussion on which operations personal or essential. all the payments would very likely. stopped. some have said we could prioritize which bills to pay. even if that would irreparably damage the nations reputation and the global economy and the global community which it would, is also a complete fiction. our government won't even behe able to cover the b bills due on august 3. it will simply run outun of monr and because we will be in default and our credit rating trash we will be able to borrow money -- even if we wanted to. bad is the picture secretary geithner panned and like if said it is graham. this understandagues this. they know what is kno at stake.t it is not blanket for sure
ira paychecks for troops in the afghanistan and iraq and bases around the world would stop. the faa could shut down. so could the fbi and the cia ant border crossings could close.foa safety inspections of food americans eat and cargo that enters our ports could hault. literally every function of sec government could seize. social security checks, payments to our veterans. no there would be no discussion on which operations personal or essential. all the payments would very likely. stopped. some...
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Jul 12, 2011
07/11
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and, yes, maybe we've got to bring the troops home from iraq and afghanistan sooner than many here would like or that the president would like, and save substantial sums if we do that. most certainly if we're going to go forward with shared sacrifice, yes, we do have to ask billions, despite all of their power and all of their campaign contributions and all of their lobbying, maybe the billionaires who are doing phenomenally well may have to contribute to deficit reduction. yes, maybe those companies that stash their money in tax hyphens in pwerpld and the cayman eye hraldz -- in bermuda and the cayman islands, maybe they are going to have to start paying their fair share. on my web site which is sanders.senate.gov, i put a small letter which said to the president, mr. president, stand tall. take on these right-wing ideologues who want to make devastating cuts to working families. and in a couple of weeks we have 135,000 signatures on that letter, and i think that letter reflects what the american people want. they want shared sacrifice. they do not want to see the elderly, the kids or w
and, yes, maybe we've got to bring the troops home from iraq and afghanistan sooner than many here would like or that the president would like, and save substantial sums if we do that. most certainly if we're going to go forward with shared sacrifice, yes, we do have to ask billions, despite all of their power and all of their campaign contributions and all of their lobbying, maybe the billionaires who are doing phenomenally well may have to contribute to deficit reduction. yes, maybe those...
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Jul 21, 2011
07/11
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over the entire decade, the cost of afghanistan and iraq wars is about $1.3 trillion. and that is a lot of money. again, that's over ten years, over a decade. this year alone, the deficit is expected to be $1.4 trillion. the deficit this year will be larger than the cost of the iraq and afghanistan wars over ten years. the driving force behind our deficit is not the wars in iraq and afghanistan. it's just not. war costs represent only 4% of total outlays over the last ten years. the total amount of money spent since president obama took office is $8.5 trillion. by the end of his first three years in office, we will have added $5 interest to our gross federal deficit. these are stunning numbers. bush had a widely criticized $450 billion deficit. since president obama has been in ofsz the deficits -- in office the deficit looks like it will be $1.5 trillion. we are borrowing too close to half of what we're spending every single day. in the last few years, discretionary spending, non-defense discretionary spending in the last two years increased 24%. 12% a year on average
over the entire decade, the cost of afghanistan and iraq wars is about $1.3 trillion. and that is a lot of money. again, that's over ten years, over a decade. this year alone, the deficit is expected to be $1.4 trillion. the deficit this year will be larger than the cost of the iraq and afghanistan wars over ten years. the driving force behind our deficit is not the wars in iraq and afghanistan. it's just not. war costs represent only 4% of total outlays over the last ten years. the total...
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Jul 6, 2011
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-- or afghanistan, then iraq. both wars totaling well over a trillion, $2 trillion. that will ultimately, both of those, the tax cuts and the wars, accounts for about $7 trillion in deficits in 2009 and going forward. now, madam president, the facts are clear. the tax cuts that president bush put in place contributed to the deficit and the revenues have got to be addressed if we're employing to go forward -- if we're going to go forward and deal with this. federal revenues today, the money the government takes in, is at its lowest level since 1950. we've had a 60% reduction in revenue and a 60% increase in expenditures. and right now, we're at the lowest level of revenue taken in that we've been at since the 1950's. and there are only about 14% of the total g.d.p. the fact is that the last five times we balanced the budget, those revenues were about19% or 20% of g.d.p. so here we are at 14%. we've balanced the budget five times previously. and the revenues were at about 19.5% to 20% of g.d.p. doesn't that tell us
-- or afghanistan, then iraq. both wars totaling well over a trillion, $2 trillion. that will ultimately, both of those, the tax cuts and the wars, accounts for about $7 trillion in deficits in 2009 and going forward. now, madam president, the facts are clear. the tax cuts that president bush put in place contributed to the deficit and the revenues have got to be addressed if we're employing to go forward -- if we're going to go forward and deal with this. federal revenues today, the money the...
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Jul 26, 2011
07/11
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the american people would begin to recognize these savings from withdrawing from iraq and afghanistan. and essential education, job creation, housing, and environmental investments where america's economic recovery and for our strong economic future would be protected from the slashing cuts proposed by the house republicans. the irony is, republican leaders previously have backed all the spending reductions called for in leader reid's plan. now, i don't agree -- and i suspect all of us don't agree with all aspects of this proposed solution. but we're not going to have 100 solutions on this floor. we're going to have one that we can vote on. i wish this would have included new revenue, especially by ending such costly and outdated tax benefits as those still enjoyed by the biggest oil companies to help us pay off our debt even more quickly. i'd like to help pay for the debt incurred by the inexcusable earlier decisions to enter two wars without paying for them. and i continue to believe the surcharge for the wealthiest would mean that they would pay more of their fair share after so ma
the american people would begin to recognize these savings from withdrawing from iraq and afghanistan. and essential education, job creation, housing, and environmental investments where america's economic recovery and for our strong economic future would be protected from the slashing cuts proposed by the house republicans. the irony is, republican leaders previously have backed all the spending reductions called for in leader reid's plan. now, i don't agree -- and i suspect all of us don't...
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Jul 28, 2011
07/11
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amount, clearly larger than the boehner proposal, even though some would argue that it's the iraq and afghanistan war winddown savings that you would get, but whatever it is, it is larger than the house proposal and use that as the first cut by lifting the debt ceiling. but there would be a sequence of events that would happen after that to avoid what the senate democrats do not want, that the markets and the rating agencies cause the debt instruments, the u.s. treasury bills, to be downgraded, there needs to be certainty for those rating agencies for the united states government debt. and it could be achieved this way. that you have a brac-like committee, that being a committee that would be composed equally of republicans and democrats that would come up with a package that would then come back to each house, no amendments, up-or-down vote. but that the fail-safe backup in case that that committee were not able to come to agreement, or in the event that it came back to both houses and one of the houses did not pass it, that you would then have the mcconnell proposal which is that the president
amount, clearly larger than the boehner proposal, even though some would argue that it's the iraq and afghanistan war winddown savings that you would get, but whatever it is, it is larger than the house proposal and use that as the first cut by lifting the debt ceiling. but there would be a sequence of events that would happen after that to avoid what the senate democrats do not want, that the markets and the rating agencies cause the debt instruments, the u.s. treasury bills, to be downgraded,...
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Jul 8, 2011
07/11
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cam pays in afghanistan -- campaigns in afghanistan wrapping up activities in iraq, and a new openness that the obama administration has pushed forward. and openness was, has been portray inside the space policy -- portrayed about in the space policy that you hear about now. more of a focus on international cooperation and a look at a different blend of space players in our industrial base, not only the companies that focus on the programs of record, but also the emergence of entrepreneurial and commercial space company. to talk about the obama policy, we have two gentlemen today. first, we have jim cullenberger. jim has a lengthy resumÉ, but i will focus on his time focusing on space policy, and that was as chief of staff for the obama white house, chief of staff for the office of science and technology policy. following jim, we have peter marquez. peter served under both the bush and the obama administrations working space policy, and at that time he was the director of space policy at the white house. but first we're going to start with jim. >> well, thank you, david. and it's grea
cam pays in afghanistan -- campaigns in afghanistan wrapping up activities in iraq, and a new openness that the obama administration has pushed forward. and openness was, has been portray inside the space policy -- portrayed about in the space policy that you hear about now. more of a focus on international cooperation and a look at a different blend of space players in our industrial base, not only the companies that focus on the programs of record, but also the emergence of entrepreneurial...
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Jul 27, 2011
07/11
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soldiers, in too many cases returning from iraq and afghanistan, are facing even greater challenges in the working market. i was at youngstown university talking, there are programs there, there's a group through magnet in youngstown in northeast ohio about putting -- getting -- helping soldiers and sailors and marines leaving the service, integrating into the classroom and helping them find jobs in that region, someplace we've fallen woefully short. manufacturing, which was moving along steadily earlier this year, we had seen 12, 13, 14, 15 months of job growth in manufacturing, not enough job growth but some, that's even slowing down. steps taken through the auto rescue and other things we did in the last couple of years dealing with this terrible, terrible recession created in 2007 and 2008 the auto rescue saved millions -- auto rescue and other efforts saved millions of americans from joining the unemployment rolls and we're seeing a better auto industry, an auto industry coming back, especially in places like defiance and toledo and northwood and cleveland and lordstown, ohio. bit
soldiers, in too many cases returning from iraq and afghanistan, are facing even greater challenges in the working market. i was at youngstown university talking, there are programs there, there's a group through magnet in youngstown in northeast ohio about putting -- getting -- helping soldiers and sailors and marines leaving the service, integrating into the classroom and helping them find jobs in that region, someplace we've fallen woefully short. manufacturing, which was moving along...
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Jul 19, 2011
07/11
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forces afghanistan. the president expressed his full confidence in general allen as he begins this important assignment and that he said he looks forward to working closely with him. and with that i will take your questions. >> i want to follow-up on something the president said. he claimed to call speaker boehner and the other leaders after the house vote to resume meetings here, is that right? should we respect resumption a daily meeting? >> no, i think the president will call speaker boehner, based on what he said. he will call the leaders and arrange for a time for a meeting to happen here at the white house. is not a series of meetings budget sometime in the next few days. >> he also made note at the end there that is in progress or agreement with the concept of six or seven senators, how is the white house expects what this again is think to have an impact on the house republican? >> the news from the gang of six/seven italy a significant because it dramatized and reinforces the fact that the only
forces afghanistan. the president expressed his full confidence in general allen as he begins this important assignment and that he said he looks forward to working closely with him. and with that i will take your questions. >> i want to follow-up on something the president said. he claimed to call speaker boehner and the other leaders after the house vote to resume meetings here, is that right? should we respect resumption a daily meeting? >> no, i think the president will call...
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Jul 19, 2011
07/11
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afghanistan, iraq, pakistan, libya, and soon as mr. leon panetta says, we'll be fighting in iran. we have military operations all over the middle east. why can't we divert some of those funds, cut some of those wars and not cut social security because social security never impacted on our debt. social security was funded all along so why are we cutting social security? >> guest: well, let me just assure you we are not going to cut social security, okay? i think there might be efforts in the house to cut social security, and it might possibly pass, although i certainly know that the cut cap and whatever it's called won't pass because it requires a two-thirds vote and you need 50 democrats to vote for it, and i don't believe we'll have 50 democrats to vote for it, but i guarantee you if any measure passed the house of social security, it would not be taken up in the senate, and if it did, i believe the president would veto it. you know, you're a retiree, paid into social security, all of your working life, and you deserve to continue to have that guarantee for you, and then i agree
afghanistan, iraq, pakistan, libya, and soon as mr. leon panetta says, we'll be fighting in iran. we have military operations all over the middle east. why can't we divert some of those funds, cut some of those wars and not cut social security because social security never impacted on our debt. social security was funded all along so why are we cutting social security? >> guest: well, let me just assure you we are not going to cut social security, okay? i think there might be efforts in...
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Jul 6, 2011
07/11
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right now there are 140,000 brave americans risking death and injury in afghanistan and iraq. do we reduce our responsibility to them because republicans don't want to burden millionaires? additionally, payments to doctors under medicare, medicaid could be suspended. where do the seniors and needy americans turn then in the event of an urgent medical problem? at a time when nearly 14 million americans are out of work and struggling to keep food on the table, unemployment benefits could lapse. we're talking about the possibility of people without incomes, people unable to sustain their basic needs. in addition to destroying the safety net for ordinary americans, a default crisis would likely threaten america's position as the economic giant of the world, as we see the possibility of widespread panic on wall street and the damage to the credit markets that could lead to the loss of millions of jobs across the country. the question has to be answered, mr. president: why are the republicans willing to walk on this economic tightrope to win favor among wealthy contributors? it's be
right now there are 140,000 brave americans risking death and injury in afghanistan and iraq. do we reduce our responsibility to them because republicans don't want to burden millionaires? additionally, payments to doctors under medicare, medicaid could be suspended. where do the seniors and needy americans turn then in the event of an urgent medical problem? at a time when nearly 14 million americans are out of work and struggling to keep food on the table, unemployment benefits could lapse....
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Jul 15, 2011
07/11
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and afghanistan? why send all of that money over there? get our troops out of all of these other countries that we need them in. germany and philippines and all of the other places anymore. >> host: here's leslie -- excuse me, tammy in leslie, kentucky. >> caller: yes, they need to bring our troops home and stop spending the millions of billions. they need to help out the people on social security. it's hard to make it especially when you have a family. >> host: florida, linda on the independent line. where do things stand with the debt and deficit negotiations? >> caller: i think personally it's all bull crap. you've got people that is -- has been on the social security because they are either disabled or whatever. bring our troops home. we don't need to support pakistan. look what they did to us, we don't need to support iran. bring us home. get us out of that situation. we have people out here that fought for the country. now they are going to suffer because he wants to cut back the social security, medicare, and medicaid? that's nuts.
and afghanistan? why send all of that money over there? get our troops out of all of these other countries that we need them in. germany and philippines and all of the other places anymore. >> host: here's leslie -- excuse me, tammy in leslie, kentucky. >> caller: yes, they need to bring our troops home and stop spending the millions of billions. they need to help out the people on social security. it's hard to make it especially when you have a family. >> host: florida, linda...
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Jul 15, 2011
07/11
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the treasury of enormous amounts of money at a time that we had two wars raging abroad in iraq and afghanistan, also unpaid for. and a new entitlement program passed in the past congress unpaid for. and a wall street that instead of being a free market was a free-for-all market. you put that all together and that's what we're coming out of. so i'm wondering, you know, your answer to me suggests that there isn't anymore monetary policy that is going to come forward that could in essence seek a more faster, more robust recovery with a greater job growth? >> well, as i said in my, in my testimony, we, given that there's a lot of uncertainty how the economy will evolve, we have to keep all options, both for tightening and for easing on the table. we're doing that. but, again, we are already providing an exceptional amount of accommodation and, as you know, recovery is still pretty slow. >> now i want to turn to the question of the debt ceiling. i know you discussed that quite a bit. i find it interesting under president bush's years, he raised the debt ceiling to the tune of about $5.4 trillion, d
the treasury of enormous amounts of money at a time that we had two wars raging abroad in iraq and afghanistan, also unpaid for. and a new entitlement program passed in the past congress unpaid for. and a wall street that instead of being a free market was a free-for-all market. you put that all together and that's what we're coming out of. so i'm wondering, you know, your answer to me suggests that there isn't anymore monetary policy that is going to come forward that could in essence seek a...
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Jul 22, 2011
07/11
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awareness of other aspect of the media and those who acknowledge currently we have soldiers fighting in afghanistan and people don't seem to forget that. i would not say any prime minister is not fighting for the right people. continues to fight for the right people. >> how would any of those prime ministers ask as editor or chief executive how often or would they ever ask you not to publish a story? would they ask you to spike a story? would that happen? >> i can't remember an occasion of prime minister asked that. >> politicians generally do that? >> no. i can remember many occasions when a cabinet minister or politician or prime minister was very unhappy with stories we were running and -- not that they would ask us not to. >> if they had you would have been interested anyway? >> if the story was true and accurate, no reason for a prime minister -- that is why we have a free press. >> final question. still a feeling that in some way you had a close relationship with the prime minister. the allegation seems to be is no different -- the benefit of what people need to see. you have a close relation
awareness of other aspect of the media and those who acknowledge currently we have soldiers fighting in afghanistan and people don't seem to forget that. i would not say any prime minister is not fighting for the right people. continues to fight for the right people. >> how would any of those prime ministers ask as editor or chief executive how often or would they ever ask you not to publish a story? would they ask you to spike a story? would that happen? >> i can't remember an...